Blockchain investigator ZachXBT says a Chinese organized crime syndicate laundered more than $1 billion for North Korea's Lazarus Group. He says the money was stolen in several different crypto exploits. Cointelegraph reported his findings on Oct 6, 2026.
ZachXBT says he got inside the network by pretending to be a customer. He says what he learned there helped trace money from the $1.5 billion hack of Bybit.
The report covered here does not name the syndicate's members or list the other exploits. It also does not say whether any of the funds have been frozen or recovered, or whether any authorities have acted. Those points are not yet known from this source.
For someone already holding a perpetual position on Bitget, Bybit, MEXC or OKX, this report changes nothing directly. It is about where stolen funds went after earlier hacks, including the Bybit one. It says nothing about current funding rates, trading fees or liquidity on any of these exchanges.
Source: cointelegraph — Chinese crime network laundered over $1B for Lazarus: ZachXBT